Revealed: oil giants pay billions less tax in Canada than abroad

Canada taxes its oil and gas companies at a fraction of the rate they are taxed abroad, including by countries ranked among the world’s most corrupt, according to an analysis of public data by the Guardian.

The low rate that oil companies pay in Canada represents billions of dollars in potential revenue lost, which an industry expert who looked at the data says is a worrying sign that the country may be “a kind of tax haven for our own companies.”

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  • canminuteman

    I could be wrong, but I don’t know. I think oil is so expensive to produce in Canada, and sell in Canada, since we can’t build pipelines, that if they were taxed more, there would be no oil industry in Canada because there would be no money to be made at all.

    • Alain

      You are not wrong. The eco-fascists politicians are determined to kill the goose with the golden eggs. A shame since we have eveything to be totally self-sufficient in oil production.

      • terrence22

        And TrueDOPE, the feminist (so he says), would rather import oil from soddie arabia – because it treats females as well.

    • Exile1981

      Labour costs are higher here and it’s true corporate taxes are lower but the report ignores the money in royalties they pay, and the foreign ‘taxes’ included bribes and kick backs to local officials.

      not apples to apples

  • Millie_Woods

    What a waste. That’s $billions we could be spending on foreign aid, supporting refugees, building wind farms, bailing out Bombardier and transferring to liberal constituencies.

  • pike bishop

    Yeah sure. The low taxes must be why Conoco, Apache, Shell and other large oil companies have skedaddled out of Alberta.

  • ECM

    A tax haven for your own companies?? THAT’S THE POINT. You want those companies to stay IN CANADA, keep the money IN Canada, and grow the Canadian economy. Mother of God, these people are fascist to the core.

  • simus1

    Anything in that old marxist rag usually comes closer to unintended satire than reality.